Pierre Wauthier Dies: Zurich Insurance Exec a Suicide, Say Police

Image: Pierre Wauthier Dies: Zurich Insurance Exec a Suicide, Say Police

Tuesday, 27 Aug 2013 01:42 PM

By Newsmax Wires

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
It appears that Zurich Insurance executive Pierre Wauthier committed suicide, said Swiss police after the firm's finance chief was found dead in his home on Monday.

"Based on the forensic institute's initial findings and evidence at his home, we can say the death of Pierre Wauthier is likely to be a suicide," Zug police spokesman Marcel Schlatter said in an emailed statement to Reuters.

Urgent: Should Obamacare be Repealed? Vote Here Now

The police said they would not divulge further details out of respect for Wauthier's wife and two children.

A French-British citizen, the finance exec was a 17-year veteran of the Zurich Insurance. Wauthier served in various roles at the Swiss insurer, including as head of investor relations and finance chief at U.S. unit Farmers before becoming CFO in 2011.

His death comes only weeks after Swisscom chief executive Carsten Schloter was found dead at his home in what police said was an apparent suicide.

Wauthier's death rattled the insurance sector in Switzerland. A spokesman for Zurich, Europe's third-largest insurer by market capitalisation, declined to comment on whether Wauthier's death was in any way linked to the insurer's business.

Earlier this month, Zurich said it would be hard pressed to meet certain performance targets after posting a 27 percent fall in second-quarter net profit due to natural disaster payouts, which topped those of European rivals because of its high exposure to the United States.
Wauthier worked at the French foreign ministry and U.S. investment bank JPMorgan before joining Zurich in 1996.

Latest: Do You Support Giving Illegals Citizenship? Vote Here Now

Related stories:

Zurich Insurance Sees $700 Million of Hurricane Sandy Claims

Jake Pavelka, Vienna Girardi, Others on 'Bachelor' Shocked by Gia Allemand Suicide

Suicide Rates Among Active Service Members Doubles in a Decade  

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved